BLB&B Advisors LLC maintained its position in shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,200 shares of the company’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Dr Pepper Snapple Group were worth $215,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Dr Pepper Snapple Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 17,898,079 shares of the company’s stock worth $1,752,580,000 after buying an additional 522,751 shares during the period. BlackRock Inc. boosted its position in shares of Dr Pepper Snapple Group by 1,517.3% in the first quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock worth $1,602,895,000 after buying an additional 15,357,318 shares during the period. State Street Corp boosted its position in shares of Dr Pepper Snapple Group by 0.4% in the first quarter. State Street Corp now owns 8,505,213 shares of the company’s stock worth $832,832,000 after buying an additional 34,155 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Dr Pepper Snapple Group by 6.0% in the first quarter. JPMorgan Chase & Co. now owns 8,323,977 shares of the company’s stock worth $815,084,000 after buying an additional 474,447 shares during the period. Finally, Fundsmith LLP boosted its position in shares of Dr Pepper Snapple Group by 0.5% in the first quarter. Fundsmith LLP now owns 5,329,086 shares of the company’s stock worth $521,824,000 after buying an additional 24,232 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.
Shares of Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 90.32 on Thursday. Dr Pepper Snapple Group, Inc has a one year low of $81.05 and a one year high of $99.47. The firm has a 50 day moving average price of $91.04 and a 200 day moving average price of $93.16. The stock has a market capitalization of $16.41 billion, a PE ratio of 21.66 and a beta of 0.60.
Dr Pepper Snapple Group (NYSE:DPS) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by $0.03. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Dr Pepper Snapple Group had a return on equity of 38.28% and a net margin of 11.73%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. Analysts predict that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on DPS shares. Cowen and Company reiterated a “hold” rating and issued a $96.00 target price on shares of Dr Pepper Snapple Group in a report on Friday, July 14th. BidaskClub cut Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC restated a “buy” rating and set a $116.00 price objective (up previously from $115.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, April 18th. UBS AG boosted their price objective on Dr Pepper Snapple Group from $98.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, July 28th. Finally, Credit Suisse Group restated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Dr Pepper Snapple Group has an average rating of “Hold” and a consensus price target of $99.64.
Dr Pepper Snapple Group Company Profile
Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.
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